Big players betting against junk bonds

High rolling credit investors are dumping or short-selling junk bonds, while retail investors are buying them up, reports FT.com.

“The list of junk-bond bears includes GSO, the credit arm of Blackstone; Apollo Global Management; Centerbridge Partners; Oaktree Capital; and a host of credit and so-called ‘macro’ hedge funds, according to executives familiar with the firms’ investment activities,” the report says.

Read more here.

Also read:

Investors demand junk bonds

Vik’s pick: Tap Canadian junk bonds

Bonds are still attractive

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.